This was originally built as a hostel and could still be easily reconverted into one…Great potential and business opportunity for the entrepreneur or investor.
El Palmar is super popular with surfers looking for short-term stays, where this property could cater to the high season influx of surfers and families wanting to experience the Pacific coast beach life at an affordable price.
It could also be a residence, as currently, it is owned by a family with lots of children, and it is their happy place. Pure Beachfront Bliss, which is a rare find, if one considers the amount of land and construction that this property offers, is right on the beach in this price range.
The property does require some rehabilitation on the seawall after the last surge but overall is move-in ready, electric gate, an empty lot next door, privacy, a quiet beach, walkable to restaurants, a huge yard, 2 story caretaker home, a bar area, outdoor restrooms, dipping pool, 2 elevated terraces with awesome views of the ocean, perfect for sunsets and happy hours, BBQ area near the pool…all the things!